Jennison Associates Portfolio holdings
Jennison Associates, founded in 1969 and headquartered in New York City, is a global investment management firm managing over $194 billion in assets as of late 2024, specializing in active equity and fixed-income strategies. A subsidiary of PGIM, the asset management arm of Prudential Financial, Jennison serves a diverse client base—including institutions, sub-advisory clients, public plans, endowments, and corporations—with a focus on fundamental research, bottom-up portfolio construction, and high-conviction investing. Known for its equity expertise across styles, geographies, and market capitalizations, as well as investment-grade fixed-income offerings, the firm employs seasoned portfolio managers averaging 29 years of industry experience and 16 years with Jennison. With additional offices in Boston and a culture emphasizing intellectual rigor and long-term client outcomes, Jennison has built a reputation for excellence and stability in the investment management industry.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Boeing
BA
|
+$788M |
| 2 |
Netflix
NFLX
|
+$687M |
| 3 |
UnitedHealth
UNH
|
+$638M |
| 4 |
Trade Desk
TTD
|
+$513M |
| 5 |
Home Depot
HD
|
+$374M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$2.12B |
| 2 |
Tesla
TSLA
|
+$717M |
| 3 |
Uber
UBER
|
+$656M |
| 4 |
argenx
ARGX
|
+$579M |
| 5 |
Eli Lilly
LLY
|
+$473M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 38.7% |
| 2 | Consumer Discretionary | 19.7% |
| 3 | Healthcare | 12.45% |
| 4 | Communication Services | 10.26% |
| 5 | Financials | 7.99% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
376
Biohaven
BHVN
$2.01B
| $11.4M | 0.01% |
+266,391
| New | +$8.28M |
|
|
AAMI
377
Acadian Asset Management
AAMI
$3.2B
| $11.2M | 0.01% |
587,073
+109,648
| +23% | +$1.94M |
|
378
Boyd Gaming
BYD
$6.16B
| $11.1M | 0.01% |
176,979
-377,825
| -68% | -$22.4M |
|
379
American Express
AXP
$233B
| $11.1M | 0.01% |
59,117
-134,333
| -69% | -$21.6M |
|
380
Veracyte
VCYT
$3.61B
| $10.8M | 0.01% |
394,114
-23,438
| -6% | -$566K |
|
|
GTLS
381
DELISTED
Chart Industries
GTLS
| $10.7M | 0.01% |
78,384
+85
| +0.1% | +$11.5K |
|
382
James River Group Holdings
JRVR
$213M
| $10.7M | 0.01% |
1,154,702
-40,300
| -3% | -$463K |
|
383
Freeport-McMoran
FCX
$96.7B
| $10.5M | 0.01% |
247,598
-178,569
| -42% | -$6.59M |
|
384
Ollie's Bargain Outlet
OLLI
$4.51B
| $10.5M | 0.01% |
+138,334
| New | +$10.4M |
|
385
United Parcel Service
UPS
$90.8B
| $10.4M | 0.01% |
66,160
-41,904
| -39% | -$6.34M |
|
386
Eaton
ETN
$170B
| $10.3M | 0.01% |
42,689
-76,928
| -64% | -$17M |
|
387
Baidu
BIDU
$38.2B
| $10.2M | 0.01% |
85,306
+30,103
| +55% | +$3.48M |
|
388
Corteva
CTVA
$50.7B
| $10.1M | 0.01% |
210,054
-2,742
| -1% | -$131K |
|
389
Transocean
RIG
$5.7B
| $9.64M | 0.01% |
1,517,553
-13,106
| -0.9% | -$87.7K |
|
|
TXNM
390
TXNM Energy Inc
TXNM
$5.94B
| $9.59M | 0.01% |
230,438
-19,868
| -8% | -$851K |
|
391
NeoGenomics
NEO
$2.04B
| $9.57M | 0.01% |
591,556
+89,473
| +18% | +$1.46M |
|
|
FL
392
DELISTED
Foot Locker
FL
| $9.52M | 0.01% |
305,707
-648,117
| -68% | -$15.6M |
|
393
Alibaba
BABA
$309B
| $9.17M | 0.01% |
118,341
+12,530
| +12% | +$998K |
|
394
AT&T
T
$160B
| $9.13M | 0.01% |
544,083
-84,847
| -13% | -$1.34M |
|
|
RVNC
395
DELISTED
Revance Therapeutics, Inc.
RVNC
| $9.07M | 0.01% |
1,032,352
+34,736
| +3% | +$285K |
|
396
EQT Corp
EQT
$33.5B
| $8.94M | 0.01% |
231,335
+77,663
| +51% | +$3.15M |
|
397
Array Technologies
ARRY
$873M
| $8.78M | 0.01% |
522,486
-481,976
| -48% | -$8.32M |
|
|
OLK
398
DELISTED
Olink Holding AB (publ) American Depositary Shares
OLK
| $8.56M | 0.01% |
340,351
-640,485
| -65% | -$15.1M |
|
|
NS
399
DELISTED
NuStar Energy L.P.
NS
| $8.5M | 0.01% |
+454,842
| New | +$8.12M |
|
400
Darden Restaurants
DRI
$23.6B
| $8.28M | 0.01% |
50,393
-612
| -1% | -$92.7K |
|
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Jennison Associates's Q4 2023 Portfolio in Review
As of Q4 2023, Jennison Associates held 638 positions worth $134B, up 14% from $118B the previous quarter. Its ten largest holdings account for 40% of the portfolio.
Jennison Associates's Q4 2023 filing shows 77 new, 236 increased, 267 reduced and 55 closed positions. Its largest new stake was Boeing: 3,684,483 shares worth $960M. The largest sale was NVIDIA, an estimated $2.12B.
By sector, the portfolio is most concentrated in Technology at 39% of assets, up from 37% a quarter earlier, followed by Consumer Discretionary and Healthcare.
- Jennison Associates's largest Q4 2023 buy was Boeing: 3,684,483 shares worth $960M.
- Jennison Associates added most to Netflix in Q4 2023, an estimated $687M increase.
- Jennison Associates's biggest Q4 2023 reduction was NVIDIA, cutting an estimated $2.12B.
- Jennison Associates fully exited Ulta Beauty in Q4 2023, selling an estimated $452M.
- Jennison Associates's ten largest holdings make up 40% of its $134B portfolio in Q4 2023.
- Jennison Associates opened 77 new positions and closed 55 in Q4 2023.
- Jennison Associates's portfolio value rose 14% quarter-over-quarter to $134B.
Based on Jennison Associates's 13F filing for Q4 2023, filed 1 Feb 2024.